Underwriter Cover Letters

Approved by real hiring managers, these Underwriter cover letters have been proven to get people hired in 2023. A hiring manager explains why.

Hiring Manager for Underwriter Roles
Compiled and approved by: Marie-Caroline Pereira
Senior Hiring Manager - Underwriter Roles
10+ Years of Experience
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Underwriter Cover Letter Example

Dear Hiring Manager,

As a long-time admirer of XYZ Corp's commitment to innovation and strong presence in the financial industry, I was excited to see the Underwriter role opening at your esteemed organization. Not only does XYZ Corp's dedication to fostering growth and development resonate with my personal values, but I also believe my unique experiences in risk analysis and underwriting will make me a valuable addition to your team.

In my time as an Underwriter at Resume Worded, I was able to reduce claim expenses by 20% through the implementation of a comprehensive risk assessment process. This not only improved our overall profitability but also allowed us to provide better coverage options to our clients. Additionally, I successfully led a team of five underwriters in the development and launch of a new insurance product line, which resulted in a 30% increase in new business for the company. I am confident that my proven track record of driving results and implementing innovative solutions will be an asset to XYZ Corp.

What genuinely excites me about this role at XYZ Corp is the opportunity to contribute to a company that is at the forefront of the financial industry. I am particularly drawn to your initiatives in digital transformation and data-driven decision making. I believe that my experience in leveraging data analytics to improve underwriting efficiency and accuracy will align well with XYZ Corp's vision for the future.

Thank you for considering my application. I am eager to further discuss my qualifications and explore the ways in which my expertise can contribute to the continued success of XYZ Corp.


[Your Name]

Why This Cover Letter Works in 2023

Reduced Claim Expenses

Highlighting a specific accomplishment, like reducing claim expenses by 20%, shows the candidate's ability to drive results and provides a clear example of their capabilities. This is a strong way to showcase your value to the potential employer.

New Product Line Success

By outlining the successful launch of a new insurance product line, the candidate demonstrates their ability to lead a team, develop innovative solutions, and contribute to business growth. This shows that they are not only a results-driven individual but also a team player.

Underwriter Cover Letter Example

Dear Hiring Manager,

I am writing to express my interest in the Underwriter position at Liberty Mutual Insurance. As a child, I was always fascinated with my father's work as an insurance underwriter. His ability to balance risk and reward, and how it contributed to the stability of families and businesses, was awe-inspiring. I would often sit with him as he explained his cases, and this early passion led me to pursue a career in underwriting. What stands out about Liberty Mutual is its commitment to creating a positive impact on people's lives, which aligns perfectly with why I chose this career path.

At Resume Worded, I played a crucial role in cutting the application turnaround times by 30%. I developed and implemented a new risk assessment model, which streamlined the underwriting process without compromising on the quality of risk evaluation. This not only improved efficiency but also enhanced customer satisfaction levels. Additionally, I led a cross-functional team to establish a training program for new underwriters, which increased employee retention by 20%. I believe these experiences have equipped me with the necessary skills to contribute to the ambitious goals of Liberty Mutual.

The opportunity to work with a company that values innovation and customer satisfaction excites me. I am particularly interested in your initiatives to leverage technology to improve underwriting efficiency and accuracy. I am looking forward to the prospect of bringing my skills and passion to a company that aligns with my values and career goals.

Thank you for considering my application. I am eager to discuss how my background and passion for underwriting can contribute to the continued success of Liberty Mutual Insurance.

Best Regards,
[Your Name]

Why This Cover Letter Works in 2023

Aligning Personal Values with the Company's Mission

When you mention how the company's mission aligns with your own career objectives, you're showing the hiring manager that you've done your homework. You're not just looking for any job; you're interested in this specific role because it aligns with your personal mission. This demonstrates a deeper level of commitment and potential longevity with the company.

Senior Underwriter Cover Letter Example

Dear Hiring Manager,

I am thrilled to apply for the Senior Underwriter role at Allstate Insurance. Growing up, I always had a knack for puzzles – the more complex, the better. Underwriting, to me, is like solving a puzzle with each case presenting its unique set of challenges. Allstate's focus on personalized underwriting, treating each case as unique, resonated with my approach to underwriting.

During my tenure with Resume Worded, I managed a portfolio of business exceeding $100M, maintaining loss ratios well below industry averages. My ability to accurately assess risk and negotiate terms led to a 25% increase in policy renewals. Additionally, I introduced an AI-based tool to automate routine tasks, which reduced processing time by 40%. These achievements underscore my ability to drive efficiency and profitability, which I am confident will be valuable to Allstate.

I am excited about the prospect of working with Allstate, a company that puts a strong emphasis on innovation and customer-centricity. I am particularly interested in your initiatives to use predictive analytics in underwriting, which I believe is the future of this industry.

Thank you for considering my application. I look forward to the possibility of contributing to Allstate's mission of creating innovative insurance solutions.

Best Regards,
[Your Name]

Why This Cover Letter Works in 2023

Quantifiable Achievements

Showing clear, quantifiable results like reducing application turnaround times by 30% is a direct way of demonstrating your potential impact as an underwriter. It's not just about stating what you did, but also showing the measurable outcomes of your actions. This goes a long way in proving your capabilities and the value you can bring to the table.

Alternative Introductions

If you're struggling to start your cover letter, here are 6 different variations that have worked for others, along with why they worked. Use them as inspiration for your introductory paragraph.

While browsing through LinkedIn, I came across the Underwriter position at JPMorgan Chase & Co. and was immediately drawn to the company's focus on maintaining long-lasting client relationships and its dedication to data-driven decision making. Having had family members who were loyal Chase Bank customers, I am excited at the potential opportunity to join a team whose values align with my personal commitment to providing effective financial solutions to clients.
This paragraph stands out because it references a personal connection to the company, highlighting the applicant's genuine interest in working for JPMorgan Chase & Co. and their understanding of the company's values.

As a frequent traveler, I've had the opportunity to experience firsthand the convenience and peace of mind that American Express provides to its customers. So when I saw that American Express was seeking an Underwriter to join their team, I knew that it would be the perfect opportunity for me to contribute my risk analysis and underwriting experience to help the company continue to innovate in the financial services industry.
This paragraph is unique because it mentions the applicant's personal experience as a customer of the company, showcasing their enthusiasm for the brand and their interest in contributing to its ongoing success.

Having witnessed the positive impact of Goldman Sachs' philanthropic initiatives, such as the 10,000 Small Businesses program, I am compelled to bring my underwriting skills to an organization that is dedicated to creating meaningful change in the world. The Underwriter position at Goldman Sachs would allow me to utilize my expertise in risk analysis to contribute to the company's continued growth and commitment to making a difference.
By highlighting the applicant's appreciation for the company's philanthropic efforts, this paragraph demonstrates a shared commitment to making a positive impact, indicating a strong fit for the company culture.

With a strong background in risk analysis and underwriting, I was thrilled to come across the Underwriter position at Allstate Insurance on Indeed. As a driver who has relied on Allstate's comprehensive coverage, I understand the importance of thorough underwriting and am excited to bring my experience to an organization that values protecting its customers.
This introduction effectively ties the applicant's professional experience to their personal experience as a policyholder, emphasizing their understanding of the company's value proposition and their eagerness to contribute to its mission.

When I read about CitiGroup's commitment to fostering a diverse and inclusive environment, I knew that the Underwriter position at Citi was the perfect opportunity for me to leverage my experience in risk analysis and underwriting while being part of a global organization that values unique perspectives. As someone who thrives in dynamic environments, I am excited to contribute to a company that is dedicated to embracing diversity and driving innovation.
In this paragraph, the applicant highlights the company's commitment to diversity and inclusion, showcasing their alignment with Citi's values and their excitement to join a progressive organization that prioritizes its employees' well-being.